ESG Litigation: Derivative Claims Against Directors: Q&A
Cleary M&A and Corporate Governance Watch
APRIL 17, 2023
There is no minimum number of shares that must be held in order for a derivative claim to be brought in England and Wales. ClientEarth appears to have bought shares in Shell for the purpose of bringing the claim. In most jurisdictions, the company (and not the shareholder(s) who prosecutes the claim) is entitled to any remedy obtained.
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